Tata Motors catches speed as its arm unveils first pure EV 'Avinya' concept
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Tata Motors is currently trading at Rs. 441.00, up by 4.80 points or 1.10% from its previous closing of Rs. 436.20 on the BSE.
The scrip opened at Rs. 440.90 and has touched a high and low of Rs. 447.60 and Rs. 437.80 respectively. So far 1441525 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 536.50 on 17-Nov-2021 and a 52 week low of Rs. 268.50 on 24-Aug-2021.
Last one week high and low of the scrip stood at Rs. 447.60 and Rs. 423.40 respectively. The current market cap of the company is Rs. 148276.19 crore.
The promoters holding in the company stood at 46.40%, while Institutions and Non-Institutions held 28.97% and 19.47% respectively.
Tata Motors’ wholly-owned electric vehicle (EV) subsidiary -- Tata Passenger Electric Mobility (TPEM) has made a smashing debut with the global unveil of the AVINYA Concept - an expression of the Company’s vision of a pure electric vehicle, based on its GEN 3 architecture. Derived from the Sanskrit language, the name AVINYA stands for ‘Innovation’. The AVINYA Concept introduces a new a typology of mobility that liberates enormous roominess and comfort, not restricted by traditional segmentation.
It comes packed with new age technology, software and Artificial Intelligence that work in the background to deliver wellness and tranquillity during transit. Providing an extremely premium yet simple and calming customer experience, this concept will be fairly accessible to a majority of customers of fast growing, high volume segments of today. With this, TPEM is all set to unleash a new breed of EVs that will redefine the automobile space. This path breaking EV will be introduced to the market by 2025.
Tata Motors is India’s largest automobile company. Through subsidiaries and associate companies, Tata Motors has operations in the UK, South Korea, Thailand, South Africa and Indonesia. Among them is Jaguar Land Rover, the business comprising the two iconic British brands.
